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DeFi Platform Qubit Suffers $80M Hack, Pleads for its Return  

Qubit Finance, a decentralized finance platform enabling speculation on cryptocurrency price variations, has been asking hackers to give back $80 million in stolen binance coins. So reports TheStreet.

ethereum 3660218 1920Qubit took to Twitter multiple times after the incident, offering as much as $1 million as a bounty for the cryptocurrency’s return.

Blockchain security firm Certik noted that “essentially what the attacker did is take advantage of a logical error in Qubit Finance’s code that allowed them to input malicious data and withdraw tokens on Binance Smart Chain when none were deposited on Ethereum “

Read the full article from TheStreet

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